The South Korean government is accepting suggestions from the citizens on how to stabilize prices.

Koreans who believe in participatory democracy and have ideas on how to tame inflation now have a shot at making their voices heard.

Starting Friday, the South Korean government is accepting suggestions on how to stabilize prices on www.착한물가.com.The submission deadline is Aug. 26, and the government will award a total KRW10 million to 21 people with the best ideas, with the first prize winner getting KRW3 million. Read More »

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Korea Real Time provides sharp analysis and insight into what’s making news on the Korean peninsula. We chronicle the growing pains of South Korea — a country that has skyrocketed into the club of the world’s richest nations but now faces significant headwinds, and shine a spotlight on one of the world’s biggest geopolitical flashpoints: North Korea. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, we’ll tell the stories behind the headlines in business, economics, politics, culture and lifestyle. You can contact the editors at korearealtime@wsj.com